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Forex: EUR/HUF little changed after Hungary data

By FXstreet.com,  January 04, 2013, 03:21:00 AM EDT

FXstreet.com (Barcelona) - The Hungarian forint posted no reaction after the unemployment rate ticked higher to 10.6% in the three months to November, up from 10.5% in the previous print.
After hitting fresh year highs above 293.00, a sharp appreciation of the forint soon followed, dragging the pair to the boundaries of 288.00

At the moment EUR/HUF is up 0.16% at 289.13 with the next resistance at 295.35 (high Dec.26) followed by the psychological level at 300.00 and then 307.65 (high Jun.1).
On the flip side, a break below 286.60 (MA200d) would bring 284.40 (low Dec.21).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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